Post
Topic
Board Economics
Re: Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System?
by
Burogh
on 14/12/2018, 00:39:44 UTC
In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

I am once reading article in online media that ulama fatwa in middle east already mention that cryptocurrency is a halal investment instrument. I think its not debateable anymore because its true investment in digital world
Not just in this place you have mentioned, but most of Arab nation and in fact, I recently read news of UAE leaders talking about the general adoption and global regulation of cryptocurrencies as well as blockchain technology.

I believe there is no haram as Muslim so calls it, when it comes to investing in something and as long as it is not a bad means of investment and it is something that has to do with technological advancement, they would most definitely not want to be left behind.

I believe there is not even a single Arab or Muslim nation that is kicking against the idea of blockchain technology and cryptocurrency at the moment, but are rather embracing it.

I am agree, muslim should not kicking againts the idea of blockchain and cryptocurrency. Cryptocurrency is reality in digital world and i think soon and later muslim world will accepting it. If more muslim country implementing cryptocurrency system in their economic system, i am believe corruption can be eliminated